India to receive loan from JICA for MAHSR

28 Jul 2022 CW Team

The Mumbai Ahmedabad High-Speed Rail (MAHSR), a project that is dear to Prime Minister Narendra Modi, will receive a loan from the Japan International Cooperation Agency (JICA) of roughly Rs 6,000 crore as Tranche 3 to provide official development assistance (ODA).

The MAHSR project is moving more quickly under the new Eknath Shinde-Devendra Fadnavis administration. By constructing a high-speed train between Mumbai and Ahmedabad utilising Japan’s Shinkansen technology, the project aims to create a high-frequency mass transportation system, improving mobility in India and promoting regional economic growth.

The loan agreement was signed by Watanabe Jun, Senior Representative of JICA India, and Rajat Kumar Mishra, Additional Secretary of the Department of Economic Affairs in the Government of India’s Ministry of Finance.

MAHSR project helped to create India’s first high-speed rail initiative. This project, which incorporates high-speed rail technology from Japan, has become a representation of cooperation between Japan and India. In terms of civil work, much progress has already been made. We anticipate a time soon when the Shinkansen system used in the project will help the entire region expand economically and socially, generating cash for the local populace.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..